Gold Prices Rebound Today, Silver Rises – Gold Silver Reports

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Gold prices rebounded by ₹ 170 to ₹ 30,420 per 10 grams today amid fresh demand from local jewellers and positive global sentiment , reported PTI. In global markets, gold rates inched up as demand for the yellow metal rose after prices slumped to a 19-month low last week, while a rising dollar weighed on the market ahead of planned US-China trade talks. In Delhi, gold prices of 99.9% and 99.5% purity rose by ₹ 170 each to ₹ 30,420 and ₹ 30,270 per 10 grams, respectively.

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Gold prices slump today, silver follows suit – Gold Silver Reports

Gold prices tumbled by ₹ 290 to ₹ 30,340 per 10 grams dragged by weak global trend and falling demand from local jewellers

Gold prices tumbled by Rs 290 to Rs 30,340 per 10 grams on Thursday dragged by weak trend overseas and falling demand from local jewellers, reported PTI. In global markets, gold prices also remained weak but clawed back from a 19-month low. Short-covering and a slight softening of the US dollar, following news that US and China will hold trade talks late this month, helped global prices to pullback slightly after falling to 19-month low. Global gold prices, which have largely been pressured by a strong dollar and rising US interest rates, have shed nearly 10% in 2018.

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Gold Prices Hit 17-month low today as Investors seek refuge in dollar – Gold Silver Reports

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Global gold prices hit 17-month lows on Monday, losing out to US Treasuries and a stronger dollar as investors sought refuge from a financial market rout triggered by a crashing Turkish lira. Investors traditionally use gold as a means of preserving the value of their assets during times of political and economic uncertainty and inflation. But it has this year failed to benefit as investors made a beeline for US Treasuries, seen as the ultimate safe haven, which meant they had to buy dollars.

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